Despite escalating trade tensions between the U.S. and China, with China increasing tariffs from 84% to 125%, bitcoin has shown remarkable resilience. Over the last 24 hours, bitcoin experienced a minimal decline of 0.15%. Currently, it trades above $82,000. The broader cryptocurrency market, as indicated by the CoinDesk 20 index, remains stable. In contrast, other assets like gold reached a new high of $3,227.5, making Tether’s XAUT the top-performing digital asset. The U.S. Dollar Index fell below 100, marking its largest drop since 2022. Additionally, the yield on 10-year Treasuries rose to nearly 4.4%. U.S. inflation decreased last month, potentially influencing the Federal Reserve’s decision on rate cuts. Bitcoin investors saw realized losses up to $250 million over 6-hour periods during recent dips, but these losses are diminishing, indicating possible seller exhaustion.
Zanna
@Zujukaqz
·
Apr 5 The scarcity of Bitcoin becomes particularly significant amidst global economic turmoil, and as institutional investors continue to increase their holdings, market confidence keeps growing. The smart contract functionality of Ethereum is driving the popularization of
knight_crawler
@RudraSaiPrasad1
·
Apr 7 Several factors are contributing to this volatility. Escalating global trade tensions, particularly between the U.S. and China, have led to market instability, affecting cryptocurrencies like Bitcoin.
#Bitcoin #BearMarket
Victor Riesco, CMT
@vriesco_cmt
·
3h I’m impressed by the resilience of #Bitcoin and $IBIT during the recent market turmoil. Historically, similar conditions would have triggered a 50%+ drop. Bitcoin is demonstrating RS against the stock market, but its primary uptrend is at risk, price near the 21 EMA trending
Marco Cavallo
@artcava
·
5h Markus Thielen warns that #Bitcoin could face short-term challenges amid recession fears, despite potential long-term benefits. Recent inflation and trade tensions heighten market volatility, while some states advance Bitcoin reserve bills.#XPoster #AI
Jacob King
@JacobKinge
·
Apr 6 The other day, Bitcoin maxis were cheering/bragging because Bitcoin was green 0.1%, while stocks tumbled.Today, Bitcoin has plummeted below $78K support. It has now dropped more than most stocks.BTC is not a hedge against global crisis. Due to how volatile it is, it will
MEDIA ONE GROUP
@mediaone2030
·
11h Macro Market Conditions:
Broader financial markets, including equities and commodities, have seen turbulence amid concerns of rising interest rates and inflation.These macroeconomic pressures could be influencing Bitcoin’s price as investors move to safer assets.
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